SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) Sees Significant Growth in Short Interest

SPDR SSGA US Small Cap Low Volatility Index ETF (NYSEARCA:SMLV) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 1,453 shares, an increase of 42.5% from the November 30th total of 1,020 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,918 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 1,918 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On SPDR SSGA US Small Cap Low Volatility Index ETF

Institutional investors have recently modified their holdings of the stock. United Financial Planning Group LLC bought a new stake in shares of SPDR SSGA US Small Cap Low Volatility Index ETF during the third quarter valued at approximately $53,000. Grey Fox Wealth Advisors LLC acquired a new position in SPDR SSGA US Small Cap Low Volatility Index ETF during the 3rd quarter worth $209,000. Jones Financial Companies Lllp boosted its position in SPDR SSGA US Small Cap Low Volatility Index ETF by 6.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,889 shares of the company’s stock valued at $767,000 after buying an additional 376 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in SPDR SSGA US Small Cap Low Volatility Index ETF by 1.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 36,642 shares of the company’s stock valued at $4,584,000 after buying an additional 656 shares during the last quarter.

SPDR SSGA US Small Cap Low Volatility Index ETF Price Performance

Shares of NYSEARCA:SMLV traded down $0.80 during midday trading on Wednesday, reaching $131.31. The company’s stock had a trading volume of 1,635 shares, compared to its average volume of 4,704. The business’s fifty day simple moving average is $130.27 and its 200-day simple moving average is $128.99. SPDR SSGA US Small Cap Low Volatility Index ETF has a fifty-two week low of $109.28 and a fifty-two week high of $136.62. The company has a market capitalization of $202.21 million, a P/E ratio of 15.79 and a beta of 0.89.

SPDR SSGA US Small Cap Low Volatility Index ETF Company Profile

The SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) is an exchange-traded fund that is based on the SSGA US Small Cap Low Volatility index. The fund tracks an index of US small-cap stocks selected and weighted by low volatility and other factors. SMLV was launched on Feb 20, 2013 and is managed by State Street.